Nigel Ferguson, AVZ Minerals: “We have $500 million worth of expressions of interest from lenders”
The head of the continent’s largest lithium project in DR Congo spoke to Africa Business+ ahead of a final investment decision expected in the coming weeks and just after the arrival of a Chinese investor linked to CATL.
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▪ Nigel Ferguson, AVZ Minerals: “We have $500 million worth of expressions of interest from lenders”
▪ The head of the continent’s largest lithium project in DR Congo spoke to Africa Business+ ahead of a final investment decision expected in the coming weeks and just after the arrival of a Chinese investor linked to CATL.
▪ https://www.africabusinessplus.com/en/811731/nigel-ferguson-avz-minerals-we-have-500-million-worth-of-expressions-of-interest-from-lenders/
AVZ Minerals holds the Manono project, a former lithium and tin mine operated throughout the 20th century, located in the Tanganyika province. The Australian junior discovered a lithium resource there that is currently estimated at 400 million tonnes. The Chinese company Suzhou CATH, owned by CATL, the world’s largest producer of lithium-ion batteries, and Pei Zhenhua (one of CATL’s shareholders), recently invested $240 million in AVZ in exchange for 24% of the capital.
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